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To: 16yearcycle who wrote (98013)	3/31/2000 1:43:00 AM
From: H James Morris	Respond to of 164684

You had puts on the tiger fund, and I have more money than Gates. Man! Fax me a confirmation statement on your tiger puts. >"You had a lot of profits being accumulated by the traders in technology and not anywhere else," said Alfred Kugel, senior investment strategist at Stein Roe & Farnham. "When the traders get a little spooked, they have to sell what they have the profits in." The Nasdaq Composite Index fell 186.4 points, or 4.01 percent, to 4,458.25, its fifth-biggest single-day points decline ever. During afternoon trading the index dropped 289 points to hit an intraday low of 4,355.69, a level not seen since Feb. 22. Cisco Systems (CSCO) the company that essentially provides the plumbing for the Internet, was among the companies to lead the Nasdaq lower, falling 2-7/16 to 73-5/8. Computer-chip giant Intel (INTC) slumped 4-7/8 to 127 and software giant Microsoft (MSFT) dropped 3-3/4 to 103-7/16. The blue chip Dow Jones industrial average, which maintained its footing in positive territory for most of the day, also ended down 38.16 points, or 0.35 percent, at 10,980.56, mainly because of weakness in Microsoft and Intel, two components. The Nasdaq has now dropped 11.7 percent from its record close of 5,048.62 on March 10, while the Dow has rallied 10.6 percent in the same period as investors switch from technology into more traditional areas. Financial markets were nervous after U.S. hedge fund Tiger Management LLC said it plans to close all six of its funds and return money to investors, noting that it stands ready to give back 75 percent of $6 billion in investments immediately. This followed a warning on Wednesday that there could be a global selloff in Internet-related stocks from Templeton Fund's Mark Mobius and Tuesday's announcement from Goldman Sachs' equities strategist Abby Joseph Cohen that she was reducing the equity weighting in her recommended model portfolio. "People are beginning to believe two things," said Joseph Barthel, chief investment strategist at Fahnestock & Co. "One, that over the near-term, the Nasdaq is positioned to correct. And two, the fact that the Dow and the S&P have hung in there as well as they have makes Nasdaq a likely target of funds." The broader Standard & Poor's 500 ended down 20.56 points, or 1.36 percent, at 1,487.96. Technical factors also played into Thursday's choppy session, as the Nasdaq market slid through a key support level at 4,500 during the afternoon.

To: 16yearcycle who wrote (98013)	3/31/2000 1:49:00 AM
From: H James Morris	Respond to of 164684

>Didn't you know that could be done? Man, you are out of the loop. Here is the link: Here's a link for you: www.ekkearneytheconman.com Btw I hear from my Washington friends your behind on your rent.